Loan Servicing Requirements?

[Alain Perez-Majul]

Hey guys, not sure if anyone would know, since this might be kind of random, but:

If I'm wanting to start a small "loan servicing" company that is looking to handle PITI between sellers/lenders and tenant-buyers in seller financed deals, are there any requirements/prerequisites (classes?) or any type of licensing needed for this? Or is it just a matter of opening up escrow and going from there?

If it helps, yes I am a licensed Realtor and I am in Indiana (figured it probably wouldn't vary much from state to state).

Any information, however little, that would point me in the right directions would be IMMENSELY appreciated.

Cheers

[Steve Babiak]

@Bill Gulley might be able to offer more info here ...